Monday, July 19, 2010

Hospital Losses Mounting


For the second year running, more than a third of Ontario hospitals are bleeding red ink.

Sixty-one of the province's 159 public hospitals reported a deficit in the last fiscal year that ended March 31, according to figures obtained from Ontario's 14 local health integration units.

Northern hospitals appear to be falling behind more than their southern counterparts.

In the four most northern regions of the province, 31 hospitals were in the red, up from 20 in the previous year.

Riverside Health Care Facilities reported a loss of $474-thousand dollars at its hospitals in Emo, Fort Frances and Rainy River.